March 13 (Bloomberg) -- Kennedy Wilson Holdings Inc., a
real-estate services company, is forming a partnership with
Fairfax Financial Holdings Ltd. to buy European commercial
property, the companies said today in a statement.

The partnership will form a 278 million-euro ($363 million)
fund that will focus on the U.K. and Ireland, according to the
statement. Fairfax will commit 250 million euros alongside a 10
percent co-investment from Beverly Hills, California-based
Kennedy Wilson. The fund is a follow-up to Kennedy Wilson’s and
Fairfax’s fully invested $278 million U.S. real estate
investment partnership.

“We are pleased with our U.S. commercial real estate
partnership with Kennedy Wilson and look forward to investing in
European assets through this new platform,” Fairfax Chairman
and Chief Executive Officer Prem Watsa said in a statement.